By Sarah Lizee
Olympia, Wash., Nov. 28 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital contingent buffered notes due Nov. 27, 2019 linked to a WTI crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final contract price is greater than or equal to the initial price or less than the initial price by up to 25%, the payout at maturity will be par plus the contingent digital return of 14.25%.
If the contract price falls by more than 25%, investors will be fully exposed to the decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital contingent buffered notes
|
| Underlying asset: | WTI crude oil futures contract
|
| Amount: | $1 million
|
| Maturity: | Nov. 27, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final contract price is at least 75% of initial price, par plus 14.25%; otherwise, 1% loss per 1% decline
|
| Initial contract price: | $53.43
|
| Pricing date: | Nov. 20
|
| Settlement date: | Nov. 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48130UPN9
|
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